Top Seigniorage by market capitalization
Seigniorage contain 6 coins with a total market capitalization of $292.13M and an average price change of -0.83%. The coins are listed by market capitalization.
On the blockchain, stablecoins are created using complex mathematical formulas to guarantee price stability. Seigniorage is the profit made by a government or economy by producing currency for less than its exchange value. Essentially, seigniorage is the difference between the cost of producing money, such as a $10 bill or quarter coin, and its face value. When the seigniorage is positive, the government can expect to make a profit. However, if the seigniorage is negative, it will result in a loss for the government.
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| Name | Price | 24h (%) | 7D (%) | Market cap | 24h volume | Supply | Last 24h | Action | |
|---|---|---|---|---|---|---|---|---|---|
| $0.9916 | +0.13% | +0.02% | $237.57M | $17,639.14 | 239.57M | ||||
 TerraClassicUSDUSTC | $0.005414 | -0.64% | -5.62% | $30.19M | $1.67M | 5.58B | Trade | ||
 Frax (prev. FXS)FRAX | $0.2673 | +3.52% | +6.19% | $25.02M | $1.34M | 93.61M | Trade | ||
 Basis CashBAC | $0.002667 | -1.10% | -14.62% | $145,560.54 | $0 | 54.58M | |||
| $0.0002647 | -0.21% | -1.62% | $118,075.72 | $1.27 | 446.01M | ||||
| $0.005433 | -1.73% | -6.45% | $0 | $212,214.59 | 0.00 |
FAQ
Which type of stablecoin uses seigniorage?
Basis Cash is a project that focuses on seigniorage-style algorithmic stablecoins. It involves three cryptocurrencies and aims to keep the price of BAC stable by controlling the supply.
What is an example of an algorithmic stablecoin?
A similar project is Ampleforth (AMPL), which utilizes an algorithm to modify the token supply in accordance with fluctuations in demand.
Which type of stablecoin uses seigniorage shares system to retain a stable price?
Non-collateralized stablecoins are those that rely on the Seigniorage Shares system's principle.